Ebix, Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by an Affiliate of Goldman, Sachs & Co.
May 01, 2013
Bernstein Liebhard LLP is investigating whether the Board of Directors of Ebix, Inc. (“Ebix” or the “Company”) (NASDAQ: EBIX) breached its fiduciary duty to its shareholders in agreeing to sell Ebix to an affiliate of Goldman, Sachs & Co.
Under the terms of the agreement, Ebix shareholders will receive $20.00 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Ebix shareholders and the process by which the Ebix Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last ten years.